July 3, 2020
Latest stock market news for July 2, 2020.
“Stock rose on Thursday and gained for the week, as investors cheered the resiliency of a U.S. economy that created nearly 5 million jobs last month in the throes of the raging coronavirus pandemic.
The U.S. economy added a greater than expected number of payrolls in June from May, as regions across the country eased social distancing restrictions and allowed more businesses to reopen. The net additions in payrolls topped consensus expectations, and far exceeded ADP’s private payrolls data on Wednesday, which logged a gain of over 2.3 million jobs.
Although new unemployment insurance claims were higher than expectations, investors shrugged off the report in favor of the boom of workers returning to the labor force. The S&P 500 rose about 0.5% on Thursday to cap off an advance of 4% since market close last Friday. The Dow rose 4.6%, while the Nasdaq rose 3.25% on the week.”
Stock market data: https://finance.yahoo.com/news/stock-market-news-live-july-2-2020-221826705.html
Stock market close on July 2, 2020
S&P 500: 3,130.01, +14.15(+0.45%)
Dow 30: 25,827.36, +92.39(+0.36%)
Nasdaq: 10,207.63,+53.00(+0.52%)
Russell 2000: 1,431.86, +4.55(+0.32%)
Stock market volatility
The CBOE Volatility Index (VIX) closed at 27.68-0.94 (-3.28%).
Stock movers
Shares of Lemonade, Inc. (LMND) on their trading debut gained more than 100% closing at 69.41+40.41 (+139.34%).
Stock gainers
Lemonade Inc. (LMND): 69.41 +40.41 +139.34%
Genius Brands International Inc. (GNUS): 3.55 +1.24 +53.68%
Graf Industrial Corp. (GRAF): 20.53 +6.68 +48.23%
Stock losers
MYOS RENS Technology Inc. (MYOS): 1.70 -0.74 -30.33%
Liminal BioSciences Inc. (LMNL): 16.75 -6.04 -26.50%
Document Security Systems Inc. (DSS): 6.02 -2.04 -25.31%
Most active stocks
Genius Brands International Inc. (GNUS): 3.55 +1.24 +53.68%
NIO Inc. ADR (NIO): 9.38 +1.47 +18.58%
Electrameccanica Vehicles Corp. (SOLO): 3.13 +0.80 +34.33%
Stock market source: https://www.wsj.com/market-data/stocks
Stock Market, U.S. Sectors & Industries Performance
The Materials sector was the best performing sector +1.85%, the Real Estate sector was the worst=performing sector -0.34%.
Source: Fidelity
Stock market update
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